Integrated Receivables Cloud Platform

CREDIT CLOUD

Credit Management Software to Automate Credit Scoring, Speed Up Credit Reviews, and Minimize Blocked Orders

Solution Overview

Automate capture of all credit agency reports and public financials, achieve faster customer onboarding, standardize credit approval workflows, fast-track periodic credit reviews, and lower credit risk across the portfolio

HighRadius Credit Cloud automates the credit management process, enabling credit managers to make quicker and more accurate decisions. This is done with four primary components – a configurable online credit application, a credit agency data aggregation engine, customizable credit scoring engines, and collaborative workflows for approval.
Moving applications online simplifies the distribution process and eliminates issues with omitted or incorrectly entered customer data. Credit agency reports, public financials, and other decision inputs are automatically gathered and made readily available with the application and during periodic reviews. A collaboration platform drives efficient approval hierarchies with both customer and internal notifications about credit decisions.

Key Features

Online Credit Application
Online Credit Application

Speed up credit application processing by capturing complete and valid information for new credit applications from your customers with an easy-to-use, customizable form which is capable of syncing directly with your credit management systems.

Credit agency integration
Credit Agency Integration

Automate the retrieval of essential credit reports and information from all leading agencies such as D&B and Experian, credit insurance data providers such as Euler Hermes, and Atradius, and public financial websites including Yahoo Finance and Bloomberg.

Credit Scoring and Credit Limit Automation
Credit Scoring and Credit Limit Automation

Simplify credit scoring with models customizable across geographies and customer segments with the ability to automatically assign credit limits for low-risk, high-volume customers.

Credit Management Workflows
Credit Management Workflows

Standardize workflows for credit management, and collaborate with external stakeholders including sales, customer service for customer onboarding, periodic reviews, blocked order release, credit limit assignment, and collateral expiry and renewal.

Bank and Trade Reference Check
Bank and Trade Reference Check

Fast-track credit application processing by automating correspondence with customer-provided bank and trade references and tracking responses.

Approval Workflows
Approval Workflows

Ensure process compliance by guaranteeing that important credit decisions are approved through the right hierarchy and stakeholders.

What our customers say

The Future of Credit Cloud is here

Receivables Analytics

Real-time visibility on credit health and analyst productivity

Gain end-to-end process visibility with out-of-the-box reports and dashboards to track team productivity and key credit metrics including credit utilization, bad-debt, customer onboarding time, blocked order resolution speed, periodic review coverage, and analyst productivity. Receivables Analytics offers intuitive data visualization which helps you drill down into individual reports to identify bottlenecks or issues in the credit management process.

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Rivana

Predict blocked orders and take proactive action for faster resolution

Fast-track the resolution of blocked orders as the Rivana Artificial Intelligence Engine predicts the likelihood of future orders being blocked by studying parameters including credit availability, past purchase frequency, and current payment behavior. Predicting blocked orders enables credit teams to proactively direct the collection efforts for the identified accounts.

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Success Stories

TechData 120%

Productivity improvement across credit operations

AirProducts 170,000+

Customers across 3 continents automated for credit operations

JJ Keller 20%

Reduction in Bad-Debt

There's no time like the present

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Resources

Ebook

5 Essential Credit Management Workflows for 2X Faster Credit Decisions

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Benchmarking Report

Benchmark Your Credit and A/R Performance Against Your Competitors

Benchmark Your A/R
Datasheet

Datasheet: Credit Cloud

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Webinar

How Tech Data Achieved a 120%+ Efficiency Improvement on Credit Reviews

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Webinar

Learn how Air Products & Chemicals automated Credit Management for 170,000 Customers

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Webinar

67% Faster Customer Onboarding: How Credit Teams are Reducing Costs while Improving Speed and Accuracy

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